3/29/2004 - Brooktrout, Inc. and SnowShore Networks, Inc. announced that Brooktrout has agreed to acquire the outstanding capital stock of SnowShore Networks, a Chelmsford, Mass. provider of leading-edge Voice over IP communications infrastructure products for the media server and media firewall markets.
“This acquisition will extend Brooktrout’s position as a leading provider of enabling technology for communication systems. SnowShore Networks is an established market leader providing key enabling technologies—media server and media firewall—to leading OEMs and other VoIP solution providers. SnowShore Networks will complement our current business by providing us with proven products and technologies for next-generation Voice over IP networks,” said Eric Giler, president of Brooktrout.
“SnowShore Networks customers will be able to leverage Brooktrout’s worldwide business operations and 20 year history in these markets to support their current and future initiatives,” said Joel Hughes, CEO of SnowShore Networks. “With Brooktrout’s solid financial and business operations, the SnowShore Networks team will be able to focus on continuing to deliver market-leading technology, products and customer support. Ultimately, the combination of SnowShore Networks’ all-IP technology and product portfolio with Brooktrout’s products can create industry-leading migration and hybrid solutions benefiting next generation carriers, network OEMs, and applications developers.”
Brooktrout will acquire the outstanding capital stock of SnowShore Networks for approximately $10 million in cash. The transaction is also subject to a number of typical closing conditions and subject to such conditions, is expected to close in early April 2004.
Brooktrout, Inc., headquartered in Needham, MA, delivers communications hardware and software products that enable applications for the New NetworkÔ – a Network born through the marriage of the telephone and data networks. Brooktrout, Inc.’s mission is to collaborate with its partners so they can bring innovative solutions to market quickly, increase business and expand into new markets. Brooktrout believes that a solid focus on customers, significant first-to-market products and key acquisitions are making it a partner of choice for today’s hottest communications service and enterprise application providers. Brooktrout is traded publicly on NASDAQ under the symbol BRKT. For more information, visit http://www.brooktrout.com/investor.
Brooktrout and New Network are trademarks or registered trademarks of Brooktrout, Inc.
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